Forrest Street Partners (FSP) expanded their manufactured home community portfolio with the purchase of Fernwood Park. Fernwood Park is located in Fayetteville, GA, which is less than twenty (20) miles south of Atlanta. The park is conveniently located north of Downtown Fayetteville and less than a mile from Fayetteville Pavilion, which features popular big-box retailers like Target, Walmart, and Home Depot.
Fernwood Park was originally developed in the 1970’s and is home to 106 sites. Currently experiencing high vacancy rates, the park is in dire need of improvements. In order to accomplish this turnaround, FSP will immediately commence park improvements, including tree removal, internal road infrastructure, re-skirting, and pressure washing existing homes while bringing in new homes to fill vacant lots. Other essential improvements include updating the current park amenities, installing new park signage, and enhancing the landscaping throughout the property in order to bring the current park to the standards residents have come to expect from Forrest Street communities.